Invesco Balanced Multi Asset Allocation ETF (PSMB) Stock Technical Analysis
NYSEARCA:PSMB - NYSE Arca - US46090A2006 - ETF - Currency: USD
Taking everything into account, PSMB scores 3 out of 10 in our technical rating. PSMB has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Warning: PSMB has an average volume of 17746 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When compared to the yearly performance of all other stocks, PSMB outperforms 51% of them, which is more or less in line with the market.
PSMB is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PSMB is lagging the market slightly.
In the last month PSMB has a been trading in a tight range between 14.64 and 14.98.
Volume is considerably higher in the last couple of days.
PSMB has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
14.33
15.90
When analyzing the support we notice one important area.
- A support zone ranging from 14.47 to 14.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 14.80 to 14.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 15.14 to 15.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @15.74 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for PSMB is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PSMB is neutral. |
| ChartMill Relative Strength | 51.3 | NEUTRAL | PSMB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of PSMB is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PSMB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PSMB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.72 | NEUTRAL | The RSI value for PSMB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests PSMB has a negative trend. |
| Stochastics (14,3) | 40.71 | NEUTRAL | The Stochastics value for PSMB is a neutral value. |
| Average True Range in percent/ATR (20) | 0.59 | LOW VOLATILITY | The low ATR as a percentage value for PSMB suggests low volalility. |
| Average Directional Index/ADX (14) | 11.63 | NEGATIVE | The low ADX value for PSMB suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Invesco Balanced Multi Asset Allocation ETF
NYSEARCA:PSMB (6/23/2023, 8:04:01 PM)
14.79
-0.04 (-0.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.24%
1 Week-0.97%
2 Weeks-0.74%
1 Month0.41%
3 Month1.23%
6 Month1.16%
12 Month0.41%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%0.59%
ATR Inc10.11%
Range Today0.13
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS51.3
Mansfield-0.79
10 Day High14.98
10 Day Low14.74
20 Day High14.98
20 Day Low14.64
52 Week High15.99
52 Week Low13.45
CS1 End14.59
CR1 Start14.8
Volume & EV
DER(3)-1.4%
DER(5)0.97%
Volume2.90K
Volume Incr304.56%
Vol(5)37.28K
Vol(50)17.75K